Independent Advisor Alliance Increases Position in iShares Core S&P 500 ETF (NYSEARCA:IVV)

Independent Advisor Alliance increased its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV) by 3,427.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 218,333 shares of the company’s stock after purchasing an additional 212,143 shares during the period. iShares Core S&P 500 ETF accounts for 1.7% of Independent Advisor Alliance’s portfolio, making the stock its 9th largest position. Independent Advisor Alliance’s holdings in iShares Core S&P 500 ETF were worth $128,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in IVV. Arvest Bank Trust Division acquired a new position in shares of iShares Core S&P 500 ETF during the 3rd quarter valued at $102,003,000. CWA Asset Management Group LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 3rd quarter valued at $2,216,000. United Bank increased its position in shares of iShares Core S&P 500 ETF by 22.2% during the 3rd quarter. United Bank now owns 1,079 shares of the company’s stock valued at $622,000 after purchasing an additional 196 shares during the period. Carmel Capital Partners LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 3rd quarter valued at $208,000. Finally, Objective Capital Management LLC acquired a new position in shares of iShares Core S&P 500 ETF during the 3rd quarter valued at $15,425,000.

iShares Core S&P 500 ETF Stock Performance

Shares of IVV stock opened at $578.51 on Monday. The stock has a market cap of $575.41 billion, a PE ratio of 26.66 and a beta of 1.01. The business’s fifty day moving average is $599.05 and its 200-day moving average is $589.11. iShares Core S&P 500 ETF has a 1 year low of $496.30 and a 1 year high of $616.22.

About iShares Core S&P 500 ETF

iShares Core S&P 500 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s 500 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market.